
Hyperliquid Policy Center backs CFTC in fight over perpetual futures, asks court to drop CME’s case
The Hyperliquid Policy Center accused CME Group of stifling innovation and urged a court to dismiss the exchange’s lawsuit against the CFTC.

The Hyperliquid Policy Center accused CME Group of stifling innovation and urged a court to dismiss the exchange’s lawsuit against the CFTC.

The Hyperliquid Policy Center has asked a federal court to dismiss CME Group’s lawsuit against the CFTC, arguing that the derivatives exchange lacks standing and cannot rely on the Commodity Exchange Act provisions cited in its complaint. Hyperliquid policy group…

Hyperliquid Policy Center and trade[XYZ] have asked the CFTC to permit regulated perpetual contracts tied to WTI crude, Brent crude, and Henry Hub natural gas after their markets recorded more than $500 billion in cumulative volume. Hyperliquid Policy Center and…

The CFTC should adopt a regulatory framework for energy perpetual contracts, the Hyperliquid Policy Center and TradeXYZ said in a letter.

Hyperliquid Policy Center urged the SEC and CFTC to align perpetual contract rules and classify qualifying equity perpetuals as security futures.

The push comes as Hyperliquid's multi-asset perpetuals gain scale and draw scrutiny from traditional exchanges.

Hyperliquid Policy Center has asked the SEC and CFTC to let qualifying equity perpetual contracts enter the U.S. as security futures after HIP-3 markets processed more than $480 billion in notional trading volume over their first 10 months. Hyperliquid Policy…

Key takeaways HYPE trades below $59 after recording a second consecutive day of gains. The Hyperliquid Policy Center and trade[XYZ] have submitted recommendations on pre-IPO perpetual markets to the SEC. The proposed instruments would provide price exposure before a company lists publicly without granting shares or investor rights. Hyperliquid (HYPE) trades above $58 on Wednesday, […]

Hyperliquid Policy Center and trade[XYZ] asked the SEC to create rules for pre IPO perpetuals and eventually permit U.S. retail access.

Hyperliquid Policy Center and trade[XYZ] urged the SEC to consider pre IPO perpetual markets as a new tool for public price discovery.

The push for IPOPs could democratize pre-IPO market access, potentially reshaping investment landscapes and regulatory approaches.

Hyperliquid Policy Center and Douro Labs backed repealing SEC Rule 611 while seeking clearer best execution rules for onchain markets.

Repealing Rule 611 could redefine market dynamics, fostering innovation in decentralized finance while challenging traditional regulatory frameworks.

Hyperliquid Policy Center and Multicoin back CFTC prediction-market rules, seeking federal oversight and public reason for contract reviews.
The SEC’s Crypto Task Force held a direct meeting with representatives from the Hyperliquid Policy Center, trade.xyz (XYZ Ltd.), and Sullivan & Cromwell LLP to discuss regulatory approaches for crypto assets and decentralized perpetual markets. According to the official meeting memorandum issued by the Task Force, participants reviewed the Hyperliquid protocol’s technology and market infrastructure.

On July 9, Phantom and the Hyperliquid Policy Center urged the CFTC to remove rules they say “unduly impede” fintech firms from working with registered derivatives markets. Phantom presents itself as the software in the middle, rather than the custodian. Users retain control of their funds and private keys, while trades are executed directly between […]

Hyperliquid Policy Center and Phantom have urged the U.S. Commodity Futures Trading Commission to update its rulebook for onchain trading, arguing that existing regulations built for traditional financial markets do not fit decentralized infrastructure. According to a joint comment letter…

Exempting onchain developers from registration could accelerate blockchain innovation, reduce regulatory barriers, and attract institutional investment.

HPC and Phantom asked the CFTC to confirm code isn't a financial service.

The CFTC and Securities and Exchange Commission issued a Request for Information in mid-June on financial innovation.